American Eagle soared 8% today on news that comparable same store sales and total store sales increased by 4% for the 5 weeks ended October 2. American eagle also revised its guidance for Q3 up 2 cents. One of the reasons that the companies earnings are increasing is that it is finished recognizing losses associated with closing their MARTIN+OSA line in the second quarter.
Allan Edwards has been recommending this stock from $12.7 as analysts quickly slashed target prices lower, including friend of the company Jim Cramer. Cramer said ARO and ANF were better than the Eagle. American Eagle is up 27% since being recommended by The Markets Are Open.
To see Edwards full report Click Here
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